02/23/2026
Understanding the difference between preapproval and prequalification can help you on your home-buying journey!
🔑 **Prequalification**: An initial assessment to estimate how much you might be able to borrow. Quick and easy, it's a great first step to understand your budget.
📑 **Preapproval**: A more detailed process that requires documentation and a credit check. It provides a more accurate loan amount, showing sellers you are a serious buyer.
Ready to start your home search with confidence? Contact us to learn more!